waiting for is neil cavuto who's going to play, in full, the carl icahn interview which has a great deal of rev lance relevance in this day and age. neil: another drinking show, wasn't it? [laughter] thank you, my friend. it's always a pleasure. all right, well, stuart's been updating you on what have been very contentious planned parenthood meetings on capitol hill. to carl icahn, this is an example of what is called a waste of time. it does get around to talking about how washington doesn't seem to respond to a lot of situations that need quick responding to or any kind of response. so i just wonder how in the context of what you laid out whether a government shutdown of any sort for any reason at anytime, does more harm than good. >> yeah. look, i personally don't think there'll be a shutdown, but that's my opinion.

but what really makes no sense what's really taking a great risk is this refusing to pass legislation that everybody thinks you should to repatriate the funds over there that these companies have have. and i'll tell you that it's ridiculous not to take two trillion back into this country. you know, no other country in the world gets double taxation. i mean, these companies pay taxes abroad already. but more importantly, more importantly, what's idiotic about it is, it's bringing a lot of risk that these guys don't understand. that risk is you may get a mass exodus in the next year or two out of this country. why should a company pay taxes over here when they can get domiciled in other countries and large shareholders, a lot of them aren't what i call patriotic. nor should they be. a company is a company. what they're doing is just

really opening pandora's box by not letting them bring this money back and charging them a lesser tax on money they makeover there. because most countries don't charge them anything. now, that is a real problem. that is really stupid, and that's really dysfunctional. neil: but it flies in the face of what people like donald trump say -- >> no, no, no, donald trump is saying that it's ridiculous not to pass that kind of repatriation. and you could very easily are. forget tax overhaul. trump is saying that. he's saying -- neil: can i distinguish between what he has said about companies that hire overseas or shipped overseas, that he would punish those type of -- >> no, he's saying, he's saying that it's sort of crazy that we allow companies to export a lot of goods here and not charge a tariff on them, but they charge tariffs on us when we send stuff to us. that's a whole different issue neil.

neil: i understand that, but in this respect there's a commonality. he wants to punish the companies that hire abroad, whether he says that at the expense of american jobs. do you disagree with that? >> i don't really think he's saying that, neil, but i'd have to zero in on that and focus on it. neil: all right. i don't want to belabor trump because you do mention finer points here and that is this idea that he thinks companies like ford -- >> really, really, neil, there's stuff that you're asking me, look, i'm not a presumptuous guy. i look at things simplistically. what i see as the no-brainer and that's where i invest -- neil: so bring this $2 trillion back home. >> that's a no-brain arer. it's absurd. it's insane not to, okay? be number one, get the money back and number two, don't take the risk of losing all these companies. you want to have jobs here, why should you lose -- neil: well, should we give it a

carrot and stick approach? in other words, we'll let you bring this money back, but you've got to hire people. >> why don't you turn it around and say, hey, we want you to take the money back, companies because you're -- and we're afraid you're going to leave if you don't. i mean, i don't think these companies are begging 'em, i think a lot of these companies are planning as we speak to leaf the country. -- to leave the country. people don't realize that, i do. because i understand wall street, i understand markets and i understand companies. they may not be telling you that, but that's what they're going to do. they say [bleep] you, i mean i'm saying -- don't go putting that on tv, okay? but they're going to say, hey, screw you, why should i? they're already moving out. and, belief me, there are plans to do more. if you say bring the money back, pay 8% on it or something like that, we'll get 200 billion in the coffers for the highway bill, they're already talking about it. and yet you've got this gridlock over there. it's so stupid not to do it. some of these companies are

ridiculously overpriced or underpriced. you asked me about planned parenthood, i'm not the expert on that. neil: i know what you're saying. you talk about a lot of things that many are just ignoring in this country. politicians are ignoring, our own tax code tends to prohibit. >> that's right. neil: i also think of the debt that just keeps getting so out of control. very few, if any, candidates have come up with a comprehensive plan to deal with it. and they say because it's like a grenade, and no one likes to hold it. >> we talking about -- what are we talking about? neil: our 18 trillion plus in debt. >> look, can i tell you something? that is not the worst problem, in my mind. the overall debt is not the worst problem. what the problem is that washington has no idea what's really going on in business, and what -- and this is the quintessential example of it. but there are other things you could do. and what you could do is we legislate inequality, that's what we do.

we have laws protecting mediocre ceos. what are the ceos doing today? they're borrowing money at 0%, 2%, 1%, and they're not going to build the capital base. what they're doing is buying other companies at higher prices so they can have quarter-to-quarter increases at earnings so their options make them a fortune. this is what's going on, and the federal reserve doesn't understand this is what they're manifesting, and washington doesn't understand it. and you could change it by having certain -- all you've got to do is make certain debt equity ratios applicable so you don't have this crazy high yield proliferation which i'm telling you is going to blow up. you want a grenade, that's a grenade. you've got 2.2 trillion in high-yield bonds that mr. and mrs. jones holds today because the zero rates keep them from getting type of return, and when that blows up, there is no one to buy 'em. neil: so it's propelling the very risk that we're seeing now.

what happens when rates rise? i take it you said that rates should go up at least a little bit, right? >> well, i'd say definitely the fed should be raising rates now, absolutely, to stop this proliferation of high-yield debt. and you're right, they've painted themselves in a corner. five years, five, six years they have not raised rates. we never did anything close to it. you know what it is? it's like taking some kind of drug that maybe works for a little while, and now you just keep taking it and let's see what happens. neil: do you agree with the camp that says there really is no reason to raise rates because the global economy is so weak, and we're not firing on all cylinders, so there isn't a reason? >> i've given you a reason neil. you're building bubbles as we speak. neil: they're creating a bubble, and we're going to regret it -- >> absolutely. they created -- hey, look, the rates when they went down, you know, to fight the 2000 debacle, you know, the rates went down,

and that was, sowed the seeds of the housing bubble, okay? now, that's not the only reason, but that sowed the seeds of it. so then what happens is, you know, so after the whole damn -- [inaudible] lowered the rates but it was too late. you had the housing bubble. and it may be too late now frankly. neil: so there's another housing bubble now? >> i think there is, but you haven't seen it yet. it's going to really -- i say that there's a great risk it could be disastrous. you have 3.2 trillion, you know -- 2.2 trillion, you know the subprime debt was only one trillion and look what it did. this time you've got 2.2 trillion, it's ridiculous. people buying things they don't understand, and how about emerging market debt? the imf says, hey, don't raise rates because you're going to kill the emerging market debt, and you say we're not supposed to be the banker of last resort for the whole world. the issue is you've got a real problem at home, and i don't think anybody's facing it.

janet yellen goes, yes, i may do it, she's going to do it now and maybe it's too late, and that may be -- look, a lot of people tell you don't raise rates because it'll be disastrous for our economy because we've painted ourselves in a corner. but, hey, i still think that -- look, i think we're disfunctional in government, and we're disfunctional in corporate america. you have to accountability in corporate america. and i think, hey, i hope i'm wrong. believe me, i'm better off financially if i am wrong. but i will tell you that we're building, in my mind, a bubble. and i saw it, by the way, not that i'm looking at patting myself on the back, but i'm saying it to, you know, at least you know that i've been pretty successful over the years figuring this stuff out. in '07 i saw it happening. and i did what i'm doing now i'm shorting the high-yield markets. but i will tell you i'm better off if i'm wrong, you know? i'm better off if it doesn't happen. and maybe we'll avert it. it's like you see this tsunami

or tornado coming, and maybe it'll turn. neil: you said you're shorting the high-yield market. is anything you're buying outright in this environment? >> yeah. i mean, there are things. i'm not on the phone, though, to talk about -- i've always told you that i love apple. i think apple is very undervalued, i mean, if you look at it as a company. i'm not here to push apple, but i think apple's going at nine times earnings. the s&p, i think they're overstating earnings and going close to 20 times earnings. they don't advertise the tangible. you know, they're buying companies, they're getting tangible assets that should be depreciated, they give you guidance, say, oh, great, and you look at some of these pharma companies. what happens when their patents go up to make it easy? you buy a company with a lot of patents, hey, don't worry about those patents, but you know they're going off patent in three or four years. neil: no, i see what you're saying. you do have the financial

knowledge that very few in washington, if any, have. and i know it's raised when your friend donald trump mentioned the fact you'd make an ideal treasury secretary. you dismissed it out of hand why? >> well, you know, i do what i do well, i know what i do well. [laughter] i'm 80, close to 80. i'm not going to be running down to be secretary of treasury. but i would advise 'em. and they should get guys like me, if not me, you know? guys like me advising them instead of the groups they have. they're not bad people, don't get me wrong. but they should get people that have lived this thing, have been involved in it. and they get these guys out of school, and they all advise ared 'em. you talk to these politicians, listen to those guys debate. they've got no god darn idea -- some of 'em. so donald trump says to 'em, you know, we should get rid of carried interest, which is absolutely right. these guys, hey, you get a hedge fund operator, he's making a fortune to begin with, and he's getting away with paying long-term gain. so donald says that's [bleep].

we should show the world this outright. i think you've got guys up there saying, well, you've got to reward people for incentives. that's true. that's very true. but this is an issue everybody talks about, and yet, hey, we have to reward you for incentives. that's true. so if somebody buys a stock, they get rewarded. long-term gain, right? neil: right. >> but this is no [bleep] the hedge fund guy's not putting his money in. he's got the greatest deal in the world. if the market goes up, hey, he wins. neil: sounds to me like trump is your candidate. >> oh, he is. i think he's the best by far of any of these guys. neil: okay. >> he definitely is. i mean, hey, somebody could come along, a genius come along in business maybe, you know, or maybe, you know, hey, i disagree with trump on certain issue, and i'm going to talk to him about it. but right now he's definitely my candidate. neil: wow. >> there's nobody close. hey, you know, one guy say, oh carried interest is socialism. they have no idea what's going

on in business or in the world you know? and all these guys that you listen to, i mean, the closest guy but i don't think, you know, he could do it because i don't think he'll stand up to this congress and senate, the closest guy that understands is jeb bush. but i don't think he can do it you know? i don't think he's got the -- he's brazen enough to take these guys on. and you've got to really take on establishment. neil: interesting. >> you've got to take on congress, you've got to take on business, and you've got to change laws in business, and it's hard to do. i mean, so trump is willing to say screw you if he has to. neil: i don't know what donald trump put in that language here, but obviously one of the richest people on the planet, worth $20 billion and then some, saying that donald trump is his guy. and when it comes to trying to get that money that's held abroad back over here, you almost think that he wrote the script that would get t that money back over here. key part of donald trump's plan is to give a one-time tax of 10%, only 10%, to bring home $2 trillion. it's a key component in the

trump tax plan that sounds a lot like what carl icahn just said. we have our panel to react to what carl icahn meant by that and what he means by the next bubble to burst. and it could be even bigger than the last one. then anne romney, she's here with a book that makes you think. after this. ♪ ♪

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and for drivers with accident forgiveness,rates won't go up due to your first accident. learn more by calling switch to liberty mutual and you can save up to $509. for a free quote today,call liberty mutual insurance at see car insurance in a whole new light. liberty mutual insurance. neil: all right. i don't know whether it was something carl icahn said, but look at the dow. we were up about 35-40 points going into that interview, now we're down. now, in that interview, among other things, the billionaire investor was saying we could have a bubble on our hands the likes of which, when it bursts

could make the whole 2008 experience seem tame, paraphrasing here. with dagen mcdowell and julie progiven sky, and look who's just waltz in here -- [laughter] charlie gasparino. dagen, what do you make of what he's saying that the reason why he likes trump, the reason he's going outside the box because he's an outside-the-box guy that gets the magnitude of the financial problems we're facing? >> i buy some of that. neil: you're a trump hater. >> no, i trust carl icahn to an extent. i think that he's right that you do see a bubble bursting, it's called a commodity bubble. yeah, it was fueled by a tsunami of cheap and easy money flooding the globe. however, i think to say this is going to be a repeat of 2008 is scaring people unnecessarily. because he's really talking about commodities high yield, for example. back in 2008 you had people buying inflated assets, homes,

with borrowed money, and you had millions of people evicted from their homes. >> actually -- >> you're not going to -- met me finish. >> yeah. >> you're not going to have a repeat of that. >> let's get the dates right. in 2008 is when the thing blew up, that's not when the people were buying. i think that's -- >> leading up to 2008 you had people buying inflated assets with borrowed money, and it blew up in their face. >> it's called a clarion call. he's pointing out there are asset bubbles out there that, in time, two years, three years whatever, could cause a 2008 situation -- >> and i say he's wrong. >> i'm just telling you -- neil: julie, what he's saying is people's exposure to junk bonds or high-yield debt, a lot of banks, institutions, individuals, you don't need much, just a slight uptick, and you go kablooey. >> yeah, that's what he's saying. i don't know if he's right. i look to the charlie gasparino on how to invest. joke.

>> i would just say look at 2006, look at 1997 before long-term capital blew up in 1999. look at, you know, 1999 before the internet bubble blew up in 2000, and think about what people were talking about -- or 1998. what were people talking about? and they were saying, ah, it ain't gonna happen, you know? the market is pricing in everything, you know? when it was the internet bubble blow aring up, they were talking about a new paradigm, you know? neil: you know, for years i thought that was para-- dig-em. >> and i think it's worthy when you see smart guys like carl who made $20 billion not because of his good lucks, i can do his voice better than trump's. it's worth listening to. particularly if -- >> let me -- neil: here's what i wanted, just to get back to what he was saying about trump and why he's drawn to --

>> they're one and the same guy. neil: what he does say, we need to go outside this petri dish. he disagrees with him about a lot of things, but he says we've got to get a handle on this. what do you think? >> i don't think -- like, if you want to promote trump for president, that's one thing. but if you're talking about getting a handle on -- he's literally talking about the federal reserve, keeping interest rates too low for too long. the central bankers around the world. i agree with that, central bankers around the world fueling this bubble. if you president of -- you're president of the united states you're going to have some influence over that but not that much. >> you pick the fed chairman or chairwoman -- >> so he's going to fire janet yellen. >> yes, he probably will. knowing him, yes, he will. >> he's endorsing trump for president. he bailed trump out to some extent in atlantic city, took over one of the three or four bankruptcies -- >> he didn't bail him out. those things -- >> no, it was bankrupt. no, they had a conversation

where trump wanted a piece of it, and they were going to sue each other, and they're business partners, so let's be clear. trump has a financial interest in how the casinos -- >> oh, come on. >> he does. neil: our slightly heft-leaning guest here, do you fear that could be the worst of developments -- >> who carl icahn endorses? some. neil: hoo -- no, no, with the markets go kablooey on the eight-year anniversary of the last one. >> of course. look, it is absolutely incumbent for hillary clinton, joe biden whoever the democratic nominee is to have an economy that is doing better than not when they go into the election -- neil: that's their biggest worry -- >> these things last accept years. and i will say this again, it's not absurd for carl to start talking about, you know, potential 2008 in a couple years when you have interest rates at

zero which creates disincentives to take massive risks in markets we may not have our hands around. >> do you understand, though the distinction i'm trying to make? >> no. >> i think that there is a bubble. i think you're seeing the collapse of it. you're seeing economic weakness because of the decline in oil and commodity prices. however, when you talk about '08 and the collapse back then, you talk about millions of americans losing their homes. i don't believe the bubbles that we see -- >> it was more than that. >> i know that. i don't believe we see the calamity on the horizon that we experienced then. >> okay. without getting too wonky here -- neil: real quick. >> there was two parts. neil: tell me just one. >> there are two parts. there was a liquidity crisis in the banks. that could happen, and that caused the great recession. neil: all right. and then everything went kaboom! that's all the time that we have. in the meantime, carl icahn is saying we've got a housing bubble brewing. do we? because the latest data seems to indicate just otherwise. after this. ♪ ♪

neil: all right. you know, carl icahn was famously shorting stocks and particularly housing stocks before the last bubble. and before that burst. now he's warning again. connell mcshane, that's scary stuff right there. >> yes, it can be. we have new numbers out, the case shiller, which are kind of interesting today at the same time mr. icahn's warning us about this bubble that's forming and, you know, we're up, i know, on home prices. really when you look at these numbers compared to what was expected, it's nothing craze she, being up 0.6% from june and 5% on an annualized basis -- neil: way below the peak year. >> exactly. and he's making the argument the fed's going to be too late. i know a lot of people think the fed is always too late. but, listen, it looks like just from the data -- now

predictions sometimes see things we don't see, and that's when people were talking back in 2006 as charlie was alluding to, they looked like geniuses after the fact. the data seems to point to the fact that maybe we can, to from icahn's last point, avert this. the idea that rates have been too low for too long. yeah, we understand that, but maybe we haven't run out of time and the federal reserve starts to raise rates, these prices are leveling off a little bit -- neil: but really can you slowly unpin a grenade? >> right. neil: so if he's right that, you know, we've got a bubble and you know, it doesn't take much to burst it, the only thing i see to your point and these case shiller and other numbers, some markets have reheated, but nothing like it was. it would really have are to get super frothy. i know some lenders are going back to, you know, little or no down loans, hardly common place. >> no, i don't think so. people have to be more

qualified, in general, people have to be more qualified and able to afford a home to buy it, i think the data does show that. certainly, numbers are mixed and you can use these statistics to make an argument one way or the other, but to compare this to '06 leading up to '08 seems to be a bit much right now. just based on these numbers where home prices are now, how much they're accelerating versus decelerating, it doesn't seem like we're in a bubble. and as mr. icahn said to you let's hope he's wrong. neil: yeah. he cursed a lot of that interview. >> and gasparino didn't. neil: which was odd. >> that's a weird show you have going on. neil: it is weird. something you will never hear ann romney doing is cursing or bad mouthing anyone. i will do my best in the next segment to make that half. [laughter] she's got a great book out, and it has nothing to do with politics. it has everything to do with personal survival. we'll explain. just like eddie, the first step to reaching your retirement goals is to visualize them. then, let the principal help you get there.

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will answer some of your questions and help you find the aarp medicare supplement plan that's right for you. just like eddie, the first step to reaching your retirement goals is to visualize them. then, let the principal help you get there. join us as we celebrate eddie's retirement, and start planning your own. neil: all right. i think i should get out of the way right away what i don't like about ann romney. she and i share the same disease, multiple sclerosis, but she doesn't act like a victim. i try to get out of work constantly. [laughter] i try to use it as a crutch. and then along ann comes who's dealing with the same thing, and, oh, what can i do for others. anyway, i kid. but the latest book, my story

touches on something that unites us all whether you're left or right, democrat or republican, whether you're heated up and excited about some political developments or just into what's going on around the world, she cuts through all of that because as she aptly points out, this is something that hits everybody. and neurological ailments, the backbone of ann romney's center for neurologic diseases -- of which, i should disclose, i'm a board member and proud to be -- unite us all. ann, very good to have you. >> thanks, neil. neil: why did you do this? why this book? why now? you could have just -- >> yeah. neil: -- left the limelight. you're back doing the media interviews. >> okay. to be honest, i really don't like to write. i'm not as verbal as you are or as articulate. i really don't like to write but this has been gnawing at me for a long time. it was time for me to be there for others, especially the ones i met along the campaign trail. and i told them hope is on the

way, i will be back for you, and i'm here. i'm, like, i'm strong now. lean on me and let's help really solve some of these tough neurologic disease that affect 50 million people worldwide that are extraordinary. and, neil, the good news is in our research lab, we are making enormous progress. and we know and you know, i mean, because we follow this so carefully, for the very first time there's going to be a drug for progressive ms. neil: right. >> and, you know, we're inching -- neil: i don't want to be first in line for that one. work out the kinks and then get back to me. [laughter] >> it's exciting. neil: a lot of people don't know your condition, what you had how you dealt with it and all the other things you dealt with. i always was impressed with your husband's reaction at the time. as long as it isn't fatal, we're fine. be you have to be a wheelchair i'll be right there to push it. my wife had the same view, but over a cliff. [laughter] he's going to be with you -- he

was going to be with you every step of the way, took you all over the world to see the top neurologists, and it hit you it was real. >> it was real, it was devastating and depressing, and i'm not even proud of myself to say how bad i was and how depressed i was and how i was poor me for a long time, for a long time. because i felt life was over. i thought, i mean, the fatigue as you know -- neil: that's the biggest thing and you write -- >> it's so hard for people to understand that. neil: how did you handle the campaigns and everything else? >> well, i cheated. i'd go a couple of days, and then you wouldn't see me for a couple of days. i mean, people didn't know in, out, in, out. neil: yeah. >> you know how it happens. neil: yeah. we run tapes of this show when i'm not -- and people are none the wiser. >> they don't know. you cheat too. neil: i cheat too. [laughter] you know, are you bugged though, ann, when people like oliver willis, this media matters kook,

says has any candidate's spouse who didn't become first lady of the united states ever written so many books? i know i did janice dean here, many people who is this shmuck? [laughter] >> who dares -- neil: is that a term mormons use? >> how dare he. i was with dr. wiener, and i was saying what a shame it didn't win, on so many levels. but for me as my role if i thought we might be getting there, i thought i could be an advocate for research for neurologic disease. then i looked at him and said, oh, what the heck, let's coit anyway. i'm not going to get as much anticipation, but i'll get some attention. and we can do something that'll be worthwhile. so to this blog arer i say, you know what? don't get in my way. neil: come on, get italian -- [laughter] come on, unload! >> don't get in my way, don't say i can't do something. i'm going to do this, and i can write as many books as i want,

and i can speak out as much as i want. and just because mitt didn't win, it is not going to stop me from doing what i think is important to do. neil: you know, i could go on and on about this con nonsense but the idea was, oh, well, ann romney's suffering from ms, neil cavuto suffering from ms, very different because poor people don't have nearly the exposure and the means to deal with the disease. what do you say to that? >> well, we'd like to make that better. we'd like to make that not the case. and, frankly, you know, in the economy if we look at it now neil, as you know, the people that are really getting squeezed are the middle class. and wages have been stagnant and it has been very tough. people have to make tough decisions, and drugs are too expensive, and there's things that have to be fixed, no question about that. so for me, i mean, you and i can be an advocate for those people that have a difficult time

affording the medications or the doctors. and so -- neil: but do you think, now, i don't want to get into politics with you, but we do have a health care law in this country, and the idea is that it was supposed to bring down costs. as i discovered, and i'm sure you did as well, the drugs are still outlandishly expensive and that hasn't changed. so are people of the mistaken notion that this is going to be their savior, that they'll get exposure to any and all treatments for any and all neurological ailments? >> well, you know the answer. i mean, it's -- we've got to improve on that area. and drugs are expensive. neil: people thought that would magically disappear. >> no, unfortunately, it's not true, is it? neil: because hillary clinton has come out and said -- i know i'm dancing on this political line -- that drug company, biotech companies take advantage of the public. she used those examples of some that e absurdly rose prices on certain medications. hardly all. as a general indictment to say i'm going to put caps on drug prices. but then i was thinking of your

center -- again, disclosing i'm on the board -- where would the incentive be for those guys to come up with these potential cures? >> exact -- i mean, well, you know, we have a free market with the drug companies, and thank goodness for a lot of them because they do fund most of the research. and i happen to know that, you know, right now in the labs we're developing a nasal vaccine for alzheimer's, we're developing for the first time a treatment for als. that drug is, you know, the cost and expense and everything is being helped and run by some of the drug companies -- neil: how did you get your board together? now, again, i've been to a couple meets, and you've got chelsea clinton there, former congressman kennedy there, chelsea's husband. but it's really a barroom scene at "star wars". [laughter] left, right, everyone. and they were all there. and they all remain there. >> yeah, they all do.

neil: how did you get them all on the same page? >> well, you know, the interesting thing about disease, it's nonpartisan. and it's color blind. [laughter] neil: yeah, you're right. >> and those of us, the 50 million worldwide that are affected by neurologic disease we have to have a broad approach. and it can't just be one party or the other. it's got to be, it's got to be bipartisan. it's got to be -- we don't care, you know, where you come from or what color your skin is -- neil: well, obviously, you did that. to link all of these diseases and their common elements from ms als, parkinsons, it is unique, which piqued my interest. but i always think about you and your husband and your personal qualities. whatever people would say about campaigns, you are genuinely nice and decent human beings. and i don't think nice would apply to the tone of this race. it might change, and it was nasty when your husband was

going through the nominating process. do you ever worry that it's gotten too heated, too nasty -- >> you know, i think it matches the mood of the country. i think it matches where people -- where the frustration is and where -- what people are feeling. i think the rhetoric matches that. do i think that's nice or correct or anything? no. neil: do you think -- >> but do i think -- neil: -- politicians should call each other names? >> absolutely not. absolutely not. if you ever want to work with somebody and really get something done, you don't call someone a name. it doesn't work that way. it didn't work in third grade, and it's not going to work now. neil: what if someone who does becomes president? becomes the nominee in. >> i don't, i don't see that process. i see the process moving from a feeling of a mood to finally getting to the place where we

are going to have to find someone with the temperament and the ability to bring people together and to not offend -- neil: well, don't hold your breath. here's my prediction, they're not going to decide on a nominee because there are too many till, and with proportional voting they're not going to get to cleveland with a nominee. one theory is they turn to your husband. >> that's a theory. [laughter] neil: could you ever get up for a race again? >> at this moment, you know, mitt and i thought about in january. we thought about it for 20 seconds. we're high fifing each other -- fiving each other every morning saying glad we're not in this. neil: the only critical thing i can say, she's giving all proceeds to her center which i told you was, well, a nice idea but a bad idea. i would have kept half myself. again, she's not like me in that regard. [laughter] it's a very inspirational book i don't mean to make light of it or her.

my only problem with ann is she doesn't wear it on my sleeve, and i do. my wife still reminds me the garbage isn't going to take itself out. thank you very much. >> thank you. you're great, neil. neil: more after this. it really opens the passages. waiter. water. so why would you invest without checking brokercheck? check your broker with brokercheck.

neil: all right. an electric suv, don't laugh. tesla trying it, unveiling it, and, well, jo ling kent on the sticker shock or maybe not. >> yeah, it starts around $80,000. we're going to get the full details tonight when elon musk takes the stage and unveils the suv. but it's a model x, and it goes up to $133,000. neil: they close the doors on this -- >> you get seats in it, perhaps. neil: okay. >> the it's an all-electric, all-wheel-drive vehicle. it's been delayed so many times, and many people have signed up to receive this -- to buy this vehicle, and this is been a lot of anticipation. now, the real question is will this second model after the model s actually solidify

tesla's position in the electric car market. neil: it looks like a delorean. >> yeah. it's falcon doors that go up and down. it looks pretty cool. neil: remember "back to the future," it was a great movie, but it was one and done. here's the rap on all of these vehicles, beautiful -- and if anyone gets it, there's range anxiety. >> 250 miles, i think, is what we're expecting. neil: on one charge. >> yeah, overnight. the question is how does it compete with the others that are coming to the market? volkswagen -- pre-scandal -- were planning to bring out a porsche and audi suh some plug-in hybrids as well. tesla's looking at a lot of volatility lately in its stock and perhaps this model x will bring a little bit of stability so they can meet their shipment and sales goals -- neil: a line for all price points, they hope? >> all price points being 80 and 1 -- and richer.

neil: thank you, jo ling kent, very much. sometimes a picture sums up an entire meeting. take a look at this one. or not. all right. do these guys look delighted to be with each other? i don't think so. [laughter]

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neil: all right. these planned parenthood meetings are still going on in congress. of course, the republican effort to defund planned parenthood altogether without necessarily shutting down the government although some more conservative members are pushing to do that just to state their case that the organization doesn't deserve any tax dollars. with me now is senator rob portman, the fine senator from the state of ohio. >> hey, neil. neil: now, we should posit here we're actually going to talk on foreign policy news, but this

effort, senator, to defund planned parenthood even if it means potentially shutting down the government has gotten fairly nasty. do you think it is worth doing that? >> well, i think it's worth continuing the fight to defund. taxpayer dollars should not be going to plan t parenthood, and as you know, our legislation makes a lot of sense. not only do you not send taxpayer dollars to planned parenthood, but instead they go to community health centers. there are eight times more in the state of ohio, for instance, and they can provide the women's health needs that are legitimate, that are needed. so i think this is a smart way to proceed. we have had a vote on that in the senate. we were not successful, as you know. not even getting to 51 votes. but we've got to keep up the fight. there's another way to get at this that i think makes a lot more sense because you actually get at the bulk of the funding and that's through to-called budget -- so-called budget reconciliation bill. as you know, neil, on the appropriation side which we're talking about now with the cr

and government shutdown ideas and all these ideas, that has to do with a very small part of the funding. the bigger part, of course s in the entitlement programs specifically in medicaid. and you can get at that through a budget reconciliation bill -- neil: i understand. there are alternatives to just -- >> yeah, yeah. neil: -- the more extreme measures. >> i'm not, i'm not a big government shutdown guy, i don't think that's a idea. in fact, i'm the author of -- i i don't think that's a good idea. government shutdowns are usually done behind closed doors and bad for the country, so i would say stop government shutdowns. instead, if you don't get your work done, have it ratchet down which would give appropriators the incentive to do their work. we ought to get back to doing our work here in congress. congress has stopped -- neil: that does seem to be a message. you're right, senator. the real reason why i wanted you to respond to this latest initiative on part of vladimir putin to unite with the likes of

syria, iran and iraq to fight isis. >> yeah. neil: and i heard one after another say, look, even if you don't support his plan, he's the only guy with a plan, and he's taking advantage of that. and this meeting with the president yesterday showed that we're on defense. what do you think of that? >> i think you're absolutely right. i mean, i think the united states has not shown leadership, and into that void chaos has ensued, including the russians taking full advantage of it, you know? we saw it in crimea, in the eastern border of ukraine, we're now seeing it in syria. i mean, this notion somehow i heard president putin yesterday saying, gosh, we need to hold up assad because if we don't, you're going to have instability. assad created the instability. he's barrel bombing his own people, has killed over 200,000 of his own people, has sent four million out of his country. this was created by assad, and he's getting in here and into the mix to try to protect and prop up assad because we

frankly, are not showing leadership and did not in syria. we crossed the red line but also did not in iraq which has created this process for isis to gain a foothold. i'll tell you what, he's very kleopfer in how he does it -- clever in how he does it. it's time for us to assert ourselves again because when u.s. leadership is not there you have more instability and more violence. neil: thank you, senator rob portman n. the meantime, you heard what carl icahn had to say about interest rates and how he fears a bubble, but did you hear what he had to say about u.s. businesses that he thinks are being driven out of the country? donald trump has a solution for that. was carl icahn the impetus for that? ♪ ♪

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i think that it is higher than that. we've brought that back into america and charged a 10% flat rate. if the federal reserve stimulating an economy to get 1.5% growth. what if american corporations, that would be responsible for the money and invest it wisely. what kind of growth could that

be? the 6% gdp number from. that does not even count if you cap corporate tax rates at 15% we would be a nation that every single industry in the world would want. we have the lowest, other than bermuda. this plan whether it was chuck who did it, or karl icahn or ted cruz, it does not matter. the plan makes sense. it will get the economy growing. when you have an economy growing people are paying more taxes. you can fix the debt hobbled. you are right. under democrats and republicans. as that money comes in, i almost want a law in place. you cannot add to our deficits and debt with this extra money you are going to get. >> that would be a great idea. if we could put fiscal restraint

in place we would have a winning combination. think about this. out of recessions, small businesses create 72% of all the new jobs. most small businesses are paying personal income tax rates on the money that they make. if they were only to pay 15% which would be that count for all corporations all businesses think about the additional money we could give them to make improvements on their business, hire more people. karl icahn does this. they understand how business works. barack obama has not run anything but his mouth his entire life. these men know how to run industries. they know how to generate revenue. when you have revenue you have taxes. when you have taxes you have income. you can do it in a responsible

way. i said this on your program years ago. i would send 2%, voluntarily on my taxes if i was promising to pay down the national that. just spending 5% more money. >> it is always good having you. thank you very much. >> all right. karl icahn had other things to say, including what is going on with these ridiculously low interest rates. now it is creating a new bubble. listen. another housing bubble now. >> i think that there is. it could be disastrous. >> there is no transformation of mortgage president. we are in a bubble.

david, you do not see it. why not? >> supply and demand is very alive and well. we have a limited supply of homes in the marketplace across many aspects of the market. we are talking with the top economist. it is an invitation only. we are not in a housing bubble. in some markets still sees double digits. that could eventually create a bubble. we are not in that now. the biggest indicator is looking at new home sales. those home sales rose. we are seeing that in a direct correlation to the existing home sales of last week. the only reason they came below expectations was because of a lack of inventory. neil: we have unrealistically low interest rates. it would not take much, just a

slight uptick. go ahead. >> i think that it is interesting that you are in texas. that could be the epicenter of a higher crisis. in the housing market, in a particular area, was driven by the oil industry. it is in a state of disarray. you may be making the opposite point here. when you look at the housing market it should correlate to what is going on in the overall economy. they do not correlate to median incomes. especially in metropolitan areas. you have to have the price that the average american can afford. worrying first-time buyers with 3% down and low interest rate. they do not have the income to sustain payments if there is a bump in the road.

i think that we are heading for a bubble. not the same kind of bubble that we had before. you know, you are still seeing prices that simply do not correlate to income. neil: i do not see it everywhere. back to the 2007 times david. every time i start a nervous about this, well, it was nothing like it was. >> look at where we are from a recovery. we are still in that recovery. if you measure everything from the low that is unrealistic. we have to go back somewhere. we got to the highs in the last cycle because of some crazy financing. we never have more conservative tighter credit standards. we are not creating it through credit excess. interest rates are low. that is outside of the housing

policy. we will be dealing with these interest rates. we are staying here. neil: thank you very much. karl icahn. a dire warning. the one thing he did say in this environment desperate times, they call for desperate measures. outside the typical petri dish. take a listen. >> it sounds to me that trump is your candidate. >> oh, yes. i think that he is the best, by far, of these candidates. >> the candidates have an enormous advantage. as of today they certainly have a net advantage. if you add up the pulled numbers of those that are outside the mainstream even during ted cruz, then carson of course, donald trump, representing about 70% of

the support that is out there. it is interesting isn't it. the interest is in all of these nontraditional candidates. >> yes. the question is not whether an outsider can win it is whether they should win. it is a little bit depressing. he is very much growing up through an establishment. a little bit more revolutionary. he is not really an outsider. he is a republican politician. insidersversus outsiders. it does not make a lot of sense. >> we did this four years ago. we sort of morphed back to more. >> yes.

there is one insider candidate approves an exception to this rule. his name is president barack obama. he would win it. just by his trust. no scandals a second term. the economy is on an uptick. on the republican side, i do i do think the outsider thing stands true. >> it makes no sense. >> the idea that someone can galvanize the attention to get stuff done, to move the needle. >> yes. there was pride and promise in the likes of mitt romney. gentleman that were successful in their businesses.

the founding fathers never meant for a professional political class. they reimagine who leaves the country. the idea that we always seem to fall back to the political class, the political establishment, i think that should be disheartening. we are supposed to have a representative government. every time they try one part or the other. a just think we are back to the same old same old. i think we do kind of morphed that tradition. to think we will do the same here? >> it is a good argument that slow and steady wins the race. outsider versus insider. they want a tough strong principal leader. this is where they may run into a bit of an issue. decidedly inconsistent. if conservatives -- this is

true. some people have that effect. things just roll right off of them. then carson is proving to have that. ultimately republicans and particularly conservatives will have to make this very tough decision. are they going to vote for somebody who will sustain -- neil: every now and then, in american history we reach a reflection point. whether you agree or disagree. ronald reagan in 1980. someone changes the tone. the temperament. it brings me to my point. take the house. making the case. i will change things. right from the roots. >> i think that we have that

reflection point. i think that there's something in that mood that says we definitely want, in part, an outsider. >> a mandate. president obama has been acting like he has a mandate critics have said, with numerous executive action. would he be even worse issuing action. no. not in the second one. neil: a landslide. >> there is that woman. a lot of the country is satisfied with what is going on. not with what the republican congress is doing. >> i hear what you are saying. and hourly income moving just $15. gdp growth.

>> walk into a starbucks. one in seven people. [laughter] neil: guys, i wish we had more time. there is obviously something going on here. planned parenthood backlash right now. would you be in that group? shutting the government down. now you have nancy pelosi intervening. suppose the group that did these videos and then separately seeing you know, a big game. what do you make of that? >> what i make of it is quite simply this. planned parenthood has been caught. what they have set up is a change of business model. they are no longer providing the essential services and

healthcare that women initially have. they are now the nation's largest abortion provider. >> when nancy pelosi intervened and said i have guys that have all of these videotapes, you said wait a minute, i've might want to probe the probe. >> yes. we want to look at what they are trying to do. we want to follow the money trails. planned parenthood gets over a half billion dollars a year from taxpayers. they have a $1 billion net worth. they have cut health services in half. it is the right step. that is how you increase access to women's healthcare. look at the stats from texas.

neil: would you shut the government down over this? >> we will not see a government shutdown. we will be able to work through this. people do not want to see a government shutdown. neil: thank you for taking the time. >> absolutely. >> has been a lot of bad mouth thing. from the very people we scored deals to try to help them out. that is weird. cuba today. iran yesterday. couldn't there be a moratorium on all of this nonsense? how totally not. ♪

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neil: all right. big news for all you twitter fans. apparently from the technology side ricoh.

twitter plans to go beyond its 140 character limit. a lot of times you had to stop at bacon -- anyway, they want to go beyond the 140 character limit. that would be a big deal to people who tweet everything they do in their life. for what they are eating to what they are wearing. the data has not been too friendly. particularly technology. moving on. explaining what you are doing with your pathetic lives. all right. in the meantime, all the leaders in the world. now, they are coming to the microphone. they seem to be bashing the united states. including cuba's later today. iran yesterday. we have been helping them out a

lot. doing a deal with iran. a lot more. i should say ambassador says, there is no such thing as a moratorium. at least be nice. that is what you make of it. whether you agree or disagree with the sentiment and the views towards president obama in the united states. it has helped them both. take a listen. it has been very interesting to see what iran and cuba and russia have said before the world. they could have common set ;-) very much. they want to get closer to the americans. they are audacious and hold based. i think it is because there is regime. once you sort of dance to the americans, you have to look back at your base. i am not getting too close to that.

i think what they are really afraid of is connecting with connected with the population and begin to integrate them with the world community. neil: you are the ambassador, i am not. being diplomatic. cursing the people who have really helped you out a lot. doing a deal with not only our own leaders. certainly iran. being up tens of millions of dollars. >> that is right. what iran has put up is a smokescreen. they claim to be calling it a law. a lead nation. the nuclear rising. they took a shot at -- panning out the regime change. all of this, it seems to me is a sign of internal weakness. outwards of three people a day. standing up to the u.s. population. that would be like 11 executions a day. twenty-four / seven.

i think they're trying to keep us from focusing on the repression at home. making a lot of disturbances in the region. the worst thing we can do is act in concert with iran in the middle east or with russia who has been barrel bombing. neil: on the basis with how you spoke out in public in the means of it, we think twice about the deal we just scored with you because you sound creepy. >> well, that is a possibility neil. i think congress could get its voice in. operating in advance the expiring sanctions. also perhaps even authorizing the use of military force if iran backs away from the preamble to pledge. >> well put ambassador. thank you very, very much. but seeing you. >> thank you, neil.

neil: i think i got it right. we just suck off the government and the fed. those days are ending and there will be held not to pay. technology empowers us to achieve more. it pushes us to go further. special olympics has almost five million athletes in 170 countries. the microsoft cloud allows us to immediately be able to access information, wherever we are. information for an athlete's medical care, or information to track their personal best. with microsoft cloud we save millions of man hours, and that's time that we can invest in our athletes and changing the world.

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neil: what happens when rates rise? i think you say they should go up a little bit, right? >> i think elf did the fed should be raising rates now absolutely to stop proliferation of high yield debt. you're right. they painted themselves in a corner. five, six years, they have not raised rates. we never did anything close to it. you know what it is? like taking some kind of a drug maybe works for a little while. now you keep taking it keep taking it. see what happens. neil: think of the idea of what carl icahn was just telling me. that, we have to raise interest rates but he is fully aware that in so doing, you risk causing problems for the junk bond market particularly those who might not be able to swallow that rate increase thereby

creating problems. that we've gotten so used to government sort of looking at keeping so many content, even falsely content, the time they have to pull the apron strings away, all of sudden they're tying markets and a lot of other folks up in knots. jared levy does very a point? if he does, man, oh, man, katy-bar-the-door. >> i think there is argument to be made for rates to increase. think about this. i think first quarter or half a point are strictly psychological reactions. like the rate raise we're seeing markets are volatile we're nervous about a rate rise. up to half a point i think it really doesn't matter. most of people look back, think, god, rate increases are hurtful. they neuroassociate pain with the rate increase. but if you look back from 82 to '89 the average rate was 7%. in fact in the late '80s, they were scaling up by '89.

they were 10%. neil: you don't even remember that. you weren't even born. what do you know? i hear your historical point. it is a good one. when people get used to something for a long time they have a hard time adjusting. i tell viewers many times on this show, young people foolish enough to ask me for financial advice. neil, should i get a mortgage? i see rates ticked up over 4% and i'm nervous. i look at days my wife and i got first loan. that is what we paying per day. i kid but to make the point, what you get used to. we're getting used to unridiculously unnaturally low rates. that is cruel adjustment and they will not take it well. >> it will be. you were talking about housing earlier. neil: right. >> certainly housing, housing is an area the president and i think our government in general has been staring a lot of america toward. why? it is great inflation hedge. here is the thing. if we do raise rates, which we have to do, those rate increases

need to be supported by some sort of an action on behalf of the people by the president. like president reagan lowered taxes. he relaxed regulations. he did other things to help support the economy that our president has done the opposite. remember, he tightened regulation. yeah he kept rates low. if we bring rates up there needs to be support from somewhere else. neil: in other words all said, if you will make money more expensive, provide more money? in other words, do something where you can have tax cuts that can offset the fact that it is getting more expensive? >> correct. correct. and that is going to be the key to this thing being successful. carl icahn is right. we need to do it. i'll all for it. first half a point is all psychological. i believe the market will react. neil: remember, the fear is never one and done, even never two and done. when rates move up they are generally are part of a trend of interest rate hikes, right? >> they are. and the other problem that we're having right now, the fact all of our trade partners all around

the world are in the exact opposite cycle. they're lowering rates. europe, massive stimulus plan. china flooding markets with money, devaluing currency. neil: all right. >> the reality you can't raise rates too much. it's a pickle for sure. we'll see how it turns out. neil: thank you my friend. jared still very young levy. thank you very much. ann romney does not like to get political but i think she came as close as she possibly could or possibly get to criticizing hillary clinton using biotech as a cheap political shot. after this. ♪

neil: is it me or is volkswagen having trouble getting out of its own way? the emissions probe where they rigged software of 11 million plus vehicles to skirt by a lot of emission requirements? the probe is extending to brazil. generally not good news. the stock is down all the more on that news. how much charlie, from its highs? a lot right? 20% at least? >> last i checked, the market cap was 40 billion. i think they were like -- neil: incredible. this. >> this is one of the biggest stories of the year, that is company like this loses that much value in the stock over

this thing. what it really says to me they think that a lot of people in the market are betting that the company does not survive. neil: this company can't get out of its own way. >> put up a stock chart. there you go. when did it happen? look at that! that's a huge decline. it went from, gone -- neil: wow. >> priced in half. you're saying basically -- given up half the value. >> charlie brady should chime in. neil: this is his drinking day. >> he is the guy that told me they lost something along the lines of like, 30 to 40 billion in market cap. neil: you know how the scandals go. they don't go. they get worse. get more widespread. probes going in washington. various state attorneys involved. >> since the arthur andersen decision by the bush administration to indict the firm for the enron scandal the justice department theoretically

or institutionally, has been against indicting firms. you have to really cross the bar. they don't like putting people out of work. so they don't generally go affirms. they go after people. they will fine a firm but won't put it out of business but you know -- neil: someone in the gm with the problems with ignition. >> people died in that one. neil: people died. it obviously wasn't just low level employees involved in this. >> right. you're an investor. you own the stock. you hold it through your pension fund. pension fund advisors owns the stock. who is getting charged at top? whether class action lawsuits will be like that will drain the company even more? is there more than a thee call possibility that the company company gets indicted and goes out of business. is it sold off? neil: you mention ad crucial point, no one died. >> me personally low probability they will put it out of business.

doesn't mean the market cap doesn't take another $10 billion hit. neil: may be takeover right? >> no one will buy it with the liabilities. here's the thing, it is class action stuff could be really problematic on top of regulators this is a stock we'll be watching. probably the biggest story, what is huge story, the fed is a huge storys what they are going to do. market will pop. carl icahn right about potential bubble in high yield. getting back to the conversation before, one of the things you don't know about markets when you keep interest rates this low, i think this is what scares carl, that there are bubbles that are unforeseen. back in 2005, i don't remember i was, we weren't writing that much about mortgage prices. pending mortgage. neil: we didn't know what they were doing behind the scenes, packaging all this stuff. >> you don't know this stuff. vw is a huge story. it will play out. by the ways i got awe little

present, since i know you are -- can i show this? this is bernie sanders fannie pack. i'm telling you neil cavuto is now the darling of the progressive left in this country for standing up for the pope pretty soon neil will be the endorsing bernie sanders. neil: yesterday, you're just angry because a priest excommunicated you. >> do you remember what he said, takeaway line? neil: you're going to hell? >> no. the pope is a communist in the best way, in the best form. neil: you know what he meant. >> he is a communist. neil: looking after people. >> do you think communists look after people? neil: you hear what he said but ever getting in heaven. >> no. can did you hear about communist. neil: first failure of a ex-sorism. >> i tried to ex-sore -- neil: power of christ compels you. >> the power of ronald reagan

compels you. the powerronald reagan compels you. neil: can we get him out of here? meantime, all politics to marco rubio who must be getting under donald trump skin because trump keeps saying nasty things about him. mr. rubio's big fund-raiser on how his candidate is doing. very good to have you back with us, george. >> thanks neil. good afternoon. neil: what is trump's fixation with his candidate. >> i hope you don't own any volkswagen stock before we get into that. neil: can you believe that? >> i don't own any. neil: amazing. your candidate obviously is the latest fallfy for these trump attacks. how is holing up? >> he is doing terrific. hitting him head on, having a firm but professional response to ad homonym attacks trump tend to do on everyone that gets in his way. the contrast between the two candidates is self-evident.

neil: george i always wonder, i don't know who will be the republican nominee, whether senator rubio,donald trump. let's say it is donald trump. i can not imagine senator rubio or any others who have been vilified by donald trump, for whatever reason, rallying around seeing he is our guy. he is our nominee. we'll support him. that is mantra every time they decide on candidate. i don't see it going well. >>s it ha been entertaining for trump to rise so far ahead primaries and caucus. i don't think he will be leading candidate towards the end of the run. neil: what if he does? >> it's a free country. people can vote as they see fit. neil: would you support him if he is republican nominee? >> yes i would. i would support the republican over democratic alternative. but i'm for rubio. it is interesting, trump is accusing rubio because he doesn't have billions of and billions of dollars he might be in the pockets of donors and at

their whim. that is laughable. first time i met senator rubio after a small dinner at fund-raiser in dallas his first senate campaign in 2010. i brought up some policy issue i was very interesting in. marco, said i totally disagree with that for these three reasons boom boom, boom. very quick to disagree on something he didn't think was the right answer. that is refreshing for a politician sure. most politicians want to agree with you on everything. neil: i know he has guys like you who have his back. the talk was traditional donors have frozen in place seeing how the thing panned out. it hurt scott walker so badly he stepped out of the race. others are potentially considering it. what about rubio? >> we had several walker and perry people moving our direction. we expect a whole lot more because he is such a viable candidate against a democratic alternative and next generational answer to what their past and failed policies have been.

i think his momentum will keep growing as we go forward. i'm very encouraged way things play out. neil: i will say this. he is among the youngest in the race. when you look at that stage he is the adult in the room. >> he is a very old soul. he has a lot of temperament that you need in a president. he is even-handed. he doesn't get rattled. neil: keep that because it will get heated and attacks will get more personal. george, thank you very, very much. >> thank you neil. great to be with you. neil: same here. one thing for experts to say the cost of college just might not be worth it but for recent college graduates to say the cost of college might not be worth it? after this. you wouldn't take medicine without checking the side effects. hey honey. huh. the good news is my hypertension is gone. so why would you invest without checking brokercheck? check your broker with brokercheck.

>> i'm connell mcshane here with your fox business brief. we're looking this time at the american consumer generally speaking. consumers more upbeat group this month than economists expected as we have new data on consumer confidence up in september. this is a big deal. economists were looking for this conference board number to go down. but instead this chart, trusts me, safes it went up. stock market is shaky, lately. rough news overseas. but apparently not enough to rattle american consumer. confident consumer usually means we see home prices go up. home normally our largest investment. we saw it in the case-shiller index. not the gains as big as some people expected. with all of this we look at

markets that are consumer related. oil and gas prices. oil price is up today, by almost 3%. and gas prices we should point out are down 20 cents from where they were a month ago. that is your kind of the state of the consumer report. neil back in a moment.

neil: we heard young and rest letters now to bitter and angry. gerri willis to college grads

that a college degree wasn't worth it. is it that bad? >> experts say it will be worth a million dollars over the lifetime. recent grads saddled with the debt say i don't think so. among those with debt they have average of $30,000 in college debt. 33% say it is worth it. the remainder say it is not. this is turn of events. tell you really who is threatened by this. all colleges and universities competing heavily for the next college class to come in and take their seats, right? more you get the word of bought i don't know, should i have done it maybe i shouldn't have. the worse it is for incoming college classes. neil: getting increasingly angry. ivy league tend not to worry. should they? >> they score the worst. most expensive schools score the worst. public schools, state schools. 52% of the kids say hey, it is worth it. at the private nonprofits, 47% say hey, it is not worth it. the more you pay more likely you are to say i don't think my

degree was worth it. let's face it. the pedal doesn't hit the metal until you graduate and bills start hitting your mailbox. that is when you see, all my goodness, i have to pay all the debt back. neil: delay life decisions. >> getting marid or kids. even getting second degrees. people put everything on hold. that is to be super frustrating or mom and dad with the couch occupied. neil: tell me about it. gerri willis thank you very much. meantime you heard carl icahn make passing reference to apple. why he says the best is yet to come. is he right? because if you look at some of these recent iphone sales, they might not be all they're cracked up to be, or are they? after this.

neil: is anything you're buying outright had this environment? >> yeah. there are things. i'm not on the phone to talk about. i always told you i love apple. i think apple is very undervalued if you look at it as a company. i'm not here to push apple. apple is going nine times earnings. neil: carl icahn apple despite the rough ride still think it is a good bet. we have jo ling kent and carl rin cone who thinks carl icahn is wrong. >> thanks for having me. my concern how long can this growth be sustained. the old maxim as goes the iphone so does apple stock we've seen in the past holds true. we should be seeing a much big increase in apple's stock price. based on sales figure which include china, this new record, they're clamoring over, we haven't seen that yet. i think there is, a concern to

be had in terms of that growth. neil: do we know what numbers were, jo ling? china might be stock under pressure. last year china wasn't included. now it is big factor and number. without it would we see specific tack lar numbers? trish: probably not. fbr capital markets talking about a few million coming out of china. i can't remember the exact number. what we're looking at apple, if you're a bull on apple because you believe they haven't gotten started yet. that is what tim cook believes himself. he said that at a conference in san francisco today. he believes where they were with the phone is nothing what they want to accomplish in the future. a potential car and plane he joked about. apple plans to go much more strongly in different consumer direction. in medium term look at enterprise and new ipad and strong sales of phones. increasing market share in china. those numbers are not amazing but very impressive.

neil: to your point, they are evolutionary more than revolutionary. this is company got to where it was doing revolutionary things, right? >> that's correct. they're a hit-based company. while my colleague is correct we have these upcoming devices or upcoming products there are still aways out. even newest, white hot product, they have with the apple watch, they're not releasing any figures around that. the other category that they have in their revenue figures, is still less than 5% of their overall revenue. so i mean, do we go to next? apple music? we still have no real numbers around that either. ipad sales are dwindling. it goes back to the iphone. iphone is king for apple. if they're staking a claim for growth on the chinese market, we're seeing volatility in equity markets for china. overall growth forecast for china is expected to slow down. i'm not saying they won't see growth there. but to be as bullish as we've

been talking about, i think there are concerns for that sort of growth specific to the iphone. >> there is no doubt so much has to be proven right by ceo tim cook, all the points luis just made are very valid. you look how the company is doing. it continues to be able to rely on the iphone. whether that will sustain itself we don't know. neil: we don't know. we'll have a lot more after this, including how a market found itself in very tight trading range. why is that? what are they waiting on? what are they waiting for? after this.

usaa makes me feel like i'm a car buying expert in no time at all. there was no stress. it was in and out. if i buy a car through usaa, i know i'm getting a fair price. we realized, okay, this not only could be convenient we could save a lot of money. i was like, wow, if i could save this much, then i could actually maybe upgrade a little bit. and it was just easy. usaa, they just really make sure that you're well taken care of. usaa car buying service. powered by truecar. online and on the usaa app. neil: you know, i'm always nervous assigning any market tick by tick movement to any outside development but let's say this kind of news couldn't hurt. the white house is indicating that congress is on track to prevent prevent a government shutdown for now. that doesn't mean we will not have a government shutdown but generally markets hate uncertainty of one whether they're for it or not. whether they argue government is the problem or not.

but apparent view from the white house that congress and white house will avoid such a potential unsettling event is a boon to buyers for now. so it would seem. trish regan, take it from there. trish: neil cavuto i will. breaking now most popular candidate isn't even in the race yet. i'm trish regan, welcome to "the intelligence report." new pole out the vice president joe biden has any higher favorability ratings than nip top candidates. in general election matchups he has widest margin against any potential republican opponent compared to hillary clinton and bernie sanders. why doesn't jump in the race? we have chris hahn, blake burman with the break down on the poll numbers. blake, i will start with you. poll numbers are in his favor but biden not in a rush to get into the race?